36 C.F.R. § 51.86 What encumbrances require the approval of the Director?
Title 36 - Parks, Forests, and Public Property
The concessioner may not encumber, pledge, mortgage or otherwise provide as a security interest for any purpose (such transactions collectively referred to as “encumbrances” for purposes of this part), without the prior written approval of the Director, any of the following: (a) Any concession contract; (b) Any rights to operate under or manage performance under a concession contract as a subconcessioner or otherwise; (c) Any controlling interest in a concessioner or concession contract; or (d) Any leasehold surrender interest or possessory interest obtained under a concession contract.
Title 36: Parks, Forests, and Public Property
PART 51—CONCESSION CONTRACTS
Subpart J—Assignment or Encumbrance of Concession Contracts
§ 51.86 What encumbrances require the approval of the Director?
